While homeownership among middle-income young adults has declined across Britain, it fell most sharply in the southeast, the figures showed.

For almost 90% of 25 to 34-year-olds, average house prices in their region are more than four times their annual after-tax family income - and for almost 40 per cent house prices are more than 10 times their income.

Wage growth failing to keep pace with house prices is being blamed for a "collapse" in home-ownership levels among young adults.

But Labour's Shadow Housing Secretary John Healey blasted the Government's response. Between 2014 and 2017, 43% of 25- to 34-year-olds whose parents were in higher-skilled jobs owned their own home, compared to 30% of those whose parents worked in lower-skilled jobs.

Over the past two decades average house prices have grown around seven times faster than the average incomes of young adults.

Housing minister Dominic Raab MP also told media: 'Through schemes like Help to Buy, we're helping more people on to the housing ladder and past year saw the highest number of first-time buyers in the United Kingdom since 2006.

There have been some positive signals for young buyers in recent weeks, as fresh figures showed the number of first-time buyers increased to the highest levels since 2006, helped by slowing house price growth since the European Union referendum.

Share

Related Articles

Do you have any suggestions? "If we were grading the HomePod on its sound performance alone it would be a slam dunk". Wax-based finishes are more common on older antique furniture and are favored on some rarer kinds of exotic wood.

I was losing my cognitive function - I would try to say something and completely different words would come out. After eight days, during which she hid at home, feeling self-conscious, Michelle's voice returned to normal.

As you can see, the app is capable of analyzing the incoming message and providing you with some possible short responses. Smart Reply functionality could save on-the-go workers time while improving collaboration.

Cities will present their proposals and final selections will be made at the NFL Spring Meetings in Atlanta this coming May. The NFL has narrowed to five the list of markets in the running to host the league's drafts in 2019 and 2020.

Jose Oliva, who as incoming Florida House Speaker coordinates the party's House campaigns, said Monday night. The 72nd Florida House district sided with Trump by five points in 2016, but Good won it by seven.

In a series of Thursday tweets, police said the school resource officer was informed that a student was concealing a weapon. We will follow district policies and procedures and take appropriate action to the fullest extent of the law.

After fierce criticism from some former allies, Schulz ditched plans to take the post of foreign minister. In a cartoon on Tuesday, the Sueddeutsche Zeitung daily showed Nahles with a whip riding an SPD snail.

Andrew Cuomo and New York City Mayor Bill de Blasio visited the crime scene in Manhattan shortly after the explosion. The first bomb, which was in the area of 135 West 23rd Street, detonated and injured more than 30 individuals.

Commissioner Ross said Friday that there were only two arrests during the parade, along with 5 disorderly conduct citations. The parade began at the Eagles' stadium complex and slowly made its way up Broad Street past the cheering throngs.

As for South Carolina, DHEC released its latest numbers February 7, showing that there have been a total of 518 hospitalizations. The team said some have suggested the possibility of slower development of age-related immune response to influenza B.

Things to Know About Karen McDougal
In one instance, when McDougal toured Trump Tower, she recalled a moment when Trump pointed out Melania's separate bedroom. She added that Trump said he had asked his son Eric "who he thought was the most attractive girl here + Eric pointed me".

Appeals court declares Trump travel ban unconstitutional
The ban is now being enforced at the Justice Department's request - at least until the case is fully litigated in the courts. The ban, the court said, "denies the possibility of a complete, intact family to tens of thousands of Americans".

Turnbull pressures Joyce to quit
The code now forbids ministers engaging in sexual relations with their staff, regardless of whether they were married or single. Any contribution to help fund our work is appreciated.

Eating Slowly helps you to lose weight and Prevent Obesity
The researchers wanted to see if eating speed and some other eating behaviours, such as snacking after dinner, affected obesity. Using a generalized estimating equation model, the researchers found that eating slower inhibited the development of obesity.

Europe space chief says privatising ISS unrealistic
SpaceX and Boeing, meanwhile, are developing crew capsules to fly astronauts to and from the space station within the next year. The proposal doesn't say what companies would take over or what private enterprise might want to do with the station.

Black Caps' Williamson proud to beat 'very strong' England
But the gamble backfired as the wicket held up and New Zealand s batsmen finally hit their stride after three straight T20 losses. Williamson's first job was to back up Guptill, who launched Adil Rashid for three slog-swept sixes en route to 65 from 40 balls.